Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Sales CM ratio Flight Dynamic $ 670,000 Required 1 Required 2 Required 3 Sales Product Contribution margin Fixed expenses Net operating income Fixed expenses total $589,000 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $52,000 a month, by how much would you expect the monthly net operating income to increase? 63% Complete this question by entering your answers in the tabs below. $ Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) $ Amount Sure Shot $ 330,000 Flight Dynamic 670,000 422,100 74% Total $ 1,000,000 ? % Required 1 Sure Shot Amount 100.00 $ 330,000 100.00 $ 63.00 $244,200 % 74.00 Required 2 > Total Company Amount % 1,000,000 100.00 666,300 17.00

Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Fixed expenses total $589,000 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $52,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (1.e. 0.1234 should be entered as 12.34).)